Tangipahoa Parish

If the General Obligation Bond and Assumption of Debt propositions of the Parishwide School District of the Parish of Tangipahoa, State of Louisiana, carry, shall the Educational Facilities Improvement District of the Parish of Tangipahoa, State of Louisiana (the "District"), under La. R.S. 33:2740.37 and other constitutional and statutory authority, be authorized to levy and collect a tax of one percent (1%) (the "Tax") for a period not to exceed thirty years from the original levy thereof, upon the sale at retail, the use, the lease or rental, the consumption, and the storage for use or consumption of tangible personal property and on sales of services in the District, all as defined by law (an estimated $11,400,000 is reasonably expected at this time to be collected from the levy of the Tax for an entire year) except that the sale at retail, use or consumption of food and prescription drugs shall be exempted from the Tax, with Tax proceeds (after paying the reasonable and necessary expenses of collecting and administering the Tax) to be dedicated and used for the purpose of assisting the Tangipahoa Parish School Board (the "School Board") in the funding of the maintenance and operation of public schools within the District; said Tax to be subject to funding into bonds from time to time for capital improvements, in the manner provided by the laws of Louisiana?

If the Debt Consolidation and the Special Tax Propositions of the District carry, shall the Parishwide School District of the Parish of Tangipahoa, State of Louisiana (the "District"), incur debt and issue bonds to an amount not exceeding One Hundred Twenty Million Dollars ($120,000,000), in one or more series, to run not exceeding twenty (20) years from date thereof, with interest at a rate or rates not exceeding eight per centum (8%) per annum to be sold at par, premium or discount, for the purpose of acquiring and/or improving lands for building sites and playgrounds, including construction of necessary sidewalks and streets adjacent thereto; purchasing, constructing, erecting and/or improving school buildings and other school related facilities within and for the District and acquiring the necessary equipment and furnishings therefor, title to which shall be in the public; which bonds will be general obligations of the District and will be payable from ad valorem taxes to be levied and collected in the manner provided by Article VI, Section 33 of the Constitution of the State of Louisiana of 1974 and statutory authority supplemental thereto, with an estimated Thirty-Five million dollars of bonds expected to be issued in the first series requiring an estimated millage rate of 17 mills to be levied in the first year of issue?

If the General Obligation Bond and the Special Tax propositions of Parishwide School District of the Parish of Tangipahoa carry, shall the Parish of Tangipahoa, State of Louisiana, through the Tangipahoa Parish School Board, be authorized to assume the outstanding debt of the various School Districts of said Parish, the particular School Districts and the indebtedness of each to be assumed, being more fully described as follows: Consolidated School District No. 1, $640,000 of General Obligation School Refunding Bonds, Series 2003, dated May 1, 2003, bearing interest at 3.350%, 3.500% and 3.600%, maturing serially on May 1 of the years 2012 to 2014, inclusive; Consolidated School District No. 1, $2,250,000 of General Obligation School Refunding Bonds, Series 2005, dated April 21, 2005, bearing interest at 3.500%, 3.625%, 3.700% and 3.750%, maturing serially on May 1 of the years 2012 to 2015, inclusive; School District No. 39A, $2,595,000 of General Obligation School Improvement Bonds, Series 2004, dated April 1, 2004, bearing interest at 4.00%, 3.25%, 3.20%, 3.30%, 3.40%, 3.60%, 3.70%, 3.80%, 4.00%, 4.05%, 4.15% and 4.20%, maturing serially on April 1 of the years 2012 to 2024, inclusive; School District No. 106, $230,000 of General Obligation School Refunding Bonds, Series 2003, dated May 1, 2003, bearing interest at 3.350% and 3.500%, maturing serially on July 1 of the years 2012 to 2013, inclusive; School District No. 107, $415,000 of General Obligation School Refunding Bonds, Series 2003, dated May 1, 2003, bearing interest at 3.350%, 3.500% and 3.600%, maturing serially on February 1 of the years 2012 to 2014, inclusive; School District No. 108, $645,000 of General Obligation School Refunding Bonds, Series 2003, dated May 1, 2003, bearing interest at 3.350% and 3.500%, maturing serially on July 1 of the years 2012 to 2013, inclusive; School District No. 116, $220,000 of General Obligation School Refunding Bonds, Series 2003, dated May 1, 2003, bearing interest at 3.350% and 3.500%, maturing serially on July 1 of the years 2012 to 2013, inclusive; School District No. 116, $2,465,000 of General Obligation School Improvement Bonds, Series 2003, dated November 1, 2003, bearing interest at 3.75%, 3.60%, 3.70%, 3.80%, 4.00%, 4.10%, 4.20%, 4.30%, 4.35% and 4.40%, maturing serially on May 1 of the years 2012 to 2023, inclusive?

If the General Obligation Bond and Assumption of Debt propositions of the Parishwide School District of the Parish of Tangipahoa, State of Louisiana, carry, shall the Parishwide School District (the "District"), be authorized to levy and collect a special tax of ten (10) mills on all property subject to taxation in the District (an estimated $4,908,000 is reasonably expected at this time to be collected from the levy of the tax for an entire year) for a period of ten (10) years, beginning with the year 2011 and ending with the year 2020, for the purpose of maintaining and operating public schools within and for the District, and acquiring equipment and furnishings therefor?